Today James Turk told King World News that what just happened in the gold market was no accident.

No Coincidence
June 8 (King World News) – James Turk:
  Sometimes history repeats, Eric, as we can see on this Comex Aug gold chart. There are two very similar trading patterns.

Last month gold fell to $1680 just days before the April FOMC meeting. Then the same thing happened again just days before this month’s FOMC meeting.

Is it a coincidence? Or is something else at work? I think the latter.

A rising gold price is a warning signal that inflation or other monetary debasements are eroding the purchasing power of fiat currency. Gold reacts quickly when monetary problems begin developing. So central bankers want to keep the gold price capped, thereby freeing them to print fiat currency without immediate consequences being noticed. 

Printing currency is their only tool, whether central bankers are hoping to get the economy moving or to just keep the government looking like it is solvent. But this printing erodes the currency’s purchasing power, which is why the gold price rises.

So it looks to me that taking the gold price down a second time to $1680 was done on purpose. It gives a green light to the FOMC that they can keep printing. And they will keep printing, further eroding the dollar’s purchasing power…


IMPORTANT:
One of the great gold opportunities and you can take a look at this remarkable company and listen to the just-released fantastic interview with the man who runs it by CLICKING HERE OR BELOW

kwn-gsv-2017Sponsored


There are some steps that we can take to end their game. 

1. Avoid GLD, the big ETF. There is a lot of research indicating that it is a tool that can be used by central bankers to keep the gold price suppressed.

2. Avoid futures, options and other paper schemes, because these are tools in the price riggers’ arsenal.

3. Buy physical metal, both gold and silver. 

The case to purchase physical gold and silver is clear and time-tested. They are money outside the banking and fiat currency system, which is a safe place to be at the moment.

***To listen to Rob Arnott discuss what he expects to see for the rest of 2020 in global markets click here or on the image below.

Michael Oliver On Gold
***Also Released: Michael Oliver – What Is Really Happening In The Gold Market Is Fascinating CLICK HERE.

© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.